With this equity back-testing module your can estimate the performance of a buy and hold strategy of Alcoa Corporation and determine expected loss or profit from investing in Alcoa over given investment horizon. Check also Alcoa Hype Analysis, Alcoa Correlation, Alcoa Valuation, Alcoa Volatility as well as analyze Alcoa Alpha and Beta and Alcoa Performance.
|Horizon||30 Days Login to change|
Alcoa 'What if' Analysis
October 19, 20180.00
December 18, 20180.00
If you would invest 0.00 in Alcoa on October 19, 2018 and sell it all today you would earn a total of 0.00 from holding Alcoa Corporation or generate 0.0% return on investment in Alcoa over 60 days. Alcoa is related to or competes with Aluminum, Kaiser Aluminum, Century Aluminum, Constellium, First Majestic, and AngloGold Ashanti. Alcoa Corporation produces and sells bauxite, alumina, and aluminum products
Alcoa Upside/Downside Indicators
Alcoa Market Premium Indicators
Alcoa Backtested Returns
Macroaxis considers Alcoa to be not very risky. Alcoa secures Sharpe Ratio (or Efficiency) of -0.2136 which signifies that Alcoa had -0.2136% of return per unit of standard deviation over the last 2 months. Macroaxis philosophy in foreseeing risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Alcoa Corporation exposes twenty-eight different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Alcoa Mean Deviation of 2.54 and Risk Adjusted Performance of
(0.18) to double-check risk estimate we provide. Macroaxis gives Alcoa performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 1.4572 which signifies that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Alcoa will likely underperform.. Even though it is essential to pay attention to Alcoa historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy in foreseeing future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Alcoa Corporation exposes twenty-eight different technical indicators which can help you to evaluate its performance. Alcoa has expected return of -0.7054%. Please be advised to confirm Alcoa Information Ratio, Treynor Ratio and the relationship between Downside Deviation and Total Risk Alpha to decide if Alcoa past performance will be repeated at some point in the near future.
|15 days auto-correlation||0.17|
|Spearman Rank Test||0.13|
Alcoa lagged returns against current returns
Current and Lagged Values
Alcoa regressed lagged prices vs. current prices
Current vs Lagged Prices
Alcoa Lagged Returns
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Check also Alcoa Hype Analysis, Alcoa Correlation, Alcoa Valuation, Alcoa Volatility as well as analyze Alcoa Alpha and Beta and Alcoa Performance. Please also try Equity Analysis module to research over 250,000 global equities including funds, stocks and etfs to find investment opportunities.